Discontinued — last reported Q4 '23
Property Segment — Premium revenue
Progressive Property Segment — Premium revenue remained flat by 0.0% to $637.85M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 12.4%, from $567.50M to $637.85M. Over 2 years (FY 2021 to FY 2023), Property Segment — Premium revenue shows an upward trend with a 11.8% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates growth in the property insurance business, while a decrease may signal shrinking market share or reduced policy renewals.
Detailed definition
This represents the total earned premium revenue generated by the property insurance business segment during the reporti...
Peer comparison
Commonly reported as Earned Premiums in property and casualty insurance companies.
pgr_segment_property_segment_premium_revenueHistorical Data
| FY'21 | FY'22 | FY'23 | |
|---|---|---|---|
| Value | $2.04B | $2.27B | $2.55B |
| YoY Change | — | +11.1% | +12.4% |
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Frequently Asked Questions
- What is Progressive's property segment — premium revenue?
- Progressive (PGR) reported property segment — premium revenue of $637.85M in Q4 2023.
- How has Progressive's property segment — premium revenue changed year-over-year?
- Progressive's property segment — premium revenue increased by 12.4% year-over-year, from $567.50M to $637.85M.
- What is the long-term trend for Progressive's property segment — premium revenue?
- Over 2 years (2021 to 2023), Progressive's property segment — premium revenue has grown at a 11.8% compound annual growth rate (CAGR), from $2.04B to $2.55B.
- What does property segment — premium revenue mean?
- The total revenue earned from property insurance policies during the period.